JAKARTA: The renewal of the Local Currency Bilateral Swap Agreement (LCBSA) between Malaysia and Indonesia enables the exchange of local currencies between Bank Negara Malaysia (BNM) and Bank Indonesia (BI) with a value amounting to RM24 billion or IDR82 trillion for five years.
Fahmi was briefed on satellite phone technology at the signing ceremony of the joint venture agreement between Geespace , represented by chief technology officer Edison Ding, and Altel , represented by Altel Group Sdn Bhd acting chief executive officer Mohamad Helmi Harith.
He said direct-to-cell technology was seen as important because it was able to help solve connectivity problems in remote places, including those at national borders or fishermen in the sea to get internet coverage. He told Bernama after witnessing the signing ceremony of the joint venture agreement between Geespace represented by chief technology officer Edison Ding and Altel represented by Altel Group Sdn Bhd acting chief executive officer Mohamad Helmi Harith.
"I have asked MCMC to look into aspects of the application and I have asked Radio Television Malaysia to see if it is suitable to broadcast programmes or documentaries on this technology as well as new technologies called emergence technology," he said.
Altel Fahmi Fadzil LEO Communications Minister
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